Vijayalayan Krishnan pays $2.5M to HAP Investments in East Harlem

Vijayalayan Krishnan through the entity 419 Tavo LLC paid $2.5 million to HAP Investments through the entity E117 Mazal Holdings LLC for the eight-unit residential walkup building (C1) at 419 East 117th Street in East Harlem, Manhattan. The expected use is cash flowing.
The deal closed on May 29, 2026 and was recorded on June 5, 2026. The property has 5,655 square feet of built space and 18 square feet of additional air rights for a total buildable of 5,676 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $437 and the price per buildable square foot is $436 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on December 20, 2010, for $610,000. The signatory for HAP Investments was Eran Polack . The signatory for Vijayalayan Krishnan was Vijayalayan Krishnan. The contract date was February 18, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Vijayalayan Krishnan had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller HAP Investments had not purchased any other properties and sold nine properties in five transactions for a total of $84.4 million over the same time period. The former owners according to the Department of Housing Preservation and Development includes Ravit Doozi, head officer and Anes Radoncic, officer. The business entity is 419.

The property

The residential walkup building with 8 residential units in East Harlem has 5,655 square feet of built space and 18 square feet of additional air rights for a total buildable of 5,676 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 100 feet deep with a total lot size of 1,892 square feet. The zoning is R7B which allows for up to 3 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1 million.

Violations and lawsuits

The property was involved in one lawsuit and zero bankruptcies over the past two years. The suit was a $1.9 million money judgment concerning a loan filed on January 24, 2025, by Citizens Bank against HAP Investments, Amir Hasid, and Eran Polack. In addition, according to city public data, the property has received five housing violations and $500 in OATH penalties in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on December 23, 2014. There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of nine of the 22 commercial properties representing 86,572 square feet of the 215,795 square feet. The largest owner is BEB Capital, followed by Ladder Capital and then Bill Wolf Petroleum Corp..
There are no active new building construction projects on this tax block.

The majority, or 62 percent of the 215,795 square feet of built space are elevator buildings, with walkup buildings next occupying 20 percent of the space.

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